Asia Credit
World Bank seems to be having second thoughts about Tajikistan’s Rogun Dam
Ball now in Dushanbe’s court to justify high cost.
Kenya asks China’s approval to convert dollar-denominated $5bn railway loan into yuan
Apart from lobbying Beijing to convert the loan into yuan, Kenya hopes to generate $4bn by securitising a levy on imports to finance a planned extension of the China-built standard gauge railway (SGR).
Reserve Bank of India holds repo rate at 5.5% amid rupee pressure and US tariff threats
The Reserve Bank of India has kept the repo rate unchanged at 5.5% as the rupee continues to weaken under pressure from renewed US tariff threats.
Bank of Japan holds interest rate as inflation projections rise
The Bank of Japan has decided to maintain its benchmark interest rate at 0.5%, a move that was largely anticipated by markets.
Syria receives IMF visit for first time since 2009
Conflict-torn country faces “enormous challenges”, says mission. Majority of GDP wiped out. Restoring power infrastructure alone could cost at least $40bn.
Pakistan holds key interest rate at 11% amid oil price risks
Pakistan’s central bank has kept the interest rate unchanged at 11%, citing fresh inflationary risks due to volatile global oil prices and regional geopolitical tensions.